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FDS
First Dallas Securities Portfolio holdings
AUM
$270M
1-Year Est. Return
39.24%
This Fund
S&P 500
This Quarter
Est. Return
+0%
1 Year Est. Return
+39.24%
3 Year Est. Return
+133.73%
5 Year Est. Return
+182.89%
10 Year Est. Return
–
AUM
$437M
AUM Growth
+$257M
(+144%)
Cap. Flow
+$266M
Cap. Flow
% of AUM
60.9%
Top 10 Holdings %
Top 10 Hldgs %
30.73%
Holding
195
New
71
Increased
41
Reduced
22
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Matador Resources
MTDR
|
+$22.1M |
| 2 |
Eagle Materials
EXP
|
+$12.5M |
| 3 |
On Holding
ONON
|
+$12.3M |
| 4 |
WIRE
Encore Wire Corp
WIRE
|
+$11.5M |
| 5 |
Shift4
FOUR
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$16.2M |
| 2 |
ExxonMobil
XOM
|
+$3.95M |
| 3 |
Texas Pacific Land
TPL
|
+$3.05M |
| 4 |
Oneok
OKE
|
+$3.05M |
| 5 |
Boeing
BA
|
+$2.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.66% |
| 2 | Technology | 20.31% |
| 3 | Industrials | 17.54% |
| 4 | Energy | 17.18% |
| 5 | Materials | 7.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Matador Resources
MTDR
$5.73B
| $23M | 5.27% |
387,003
+378,593
| +4,502% | +$22.1M |
|
|
WIRE
2
DELISTED
Encore Wire Corp
WIRE
| $17.8M | 4.07% |
97,505
+67,640
| +226% | +$11.5M |
|
|
3
Texas Pacific Land
TPL
$26.9B
| $14.9M | 3.4% |
73,305
-16,182
| -18% | -$3.05M |
|
|
4
Eagle Materials
EXP
$6.86B
| $14.2M | 3.26% |
85,423
+68,786
| +413% | +$12.5M |
|
5
Uber
UBER
$144B
| $13.4M | 3.06% |
290,765
+189,015
| +186% | +$8.64M |
|
6
Cleveland-Cliffs
CLF
$6.84B
| $11.7M | 2.67% |
746,945
+609,295
| +443% | +$9.51M |
|
|
7
On Holding
ONON
$12.6B
| $11.6M | 2.64% |
415,202
+389,452
| +1,512% | +$12.3M |
|
|
8
Shift4
FOUR
$4.35B
| $9.62M | 2.2% |
+173,753
| New | +$10.6M |
|
9
Cinemark Holdings
CNK
$4.09B
| $9.38M | 2.15% |
511,152
+490,402
| +2,363% | +$8.21M |
|
10
ON Semiconductor
ON
$32.8B
| $8.73M | 2% |
93,900
+87,850
| +1,452% | +$8.53M |
|
11
SM Energy
SM
$7.11B
| $8.67M | 1.99% |
+218,633
| New | +$8.29M |
|
12
NCR Voyix
VYX
$1.19B
| $8.54M | 1.96% |
+516,343
| New | +$8.79M |
|
|
CALY
13
Callaway Golf Company
CALY
$3.28B
| $8.46M | 1.94% |
611,466
+556,116
| +1,005% | +$9.76M |
|
14
Norwegian Cruise Line
NCLH
$9.74B
| $8.18M | 1.87% |
496,254
+456,894
| +1,161% | +$8.43M |
|
|
PR
15
Permian Resources
PR
$16.5B
| $7.44M | 1.7% |
+532,923
| New | +$6.7M |
|
16
DraftKings
DKNG
$12.2B
| $7.01M | 1.61% |
+238,126
| New | +$7.03M |
|
17
NVIDIA
NVDA
$4.77T
| $6.91M | 1.58% |
158,820
+14,800
| +10% | +$663K |
|
18
Taylor Morrison
TMHC
| $6.59M | 1.51% |
+154,760
| New | +$7.28M |
|
19
Upland Software
UPLD
$14.4M
| $6.59M | 1.51% |
142,731
+135,581
| +1,896% | +$4.95M |
|
|
VSTO
20
DELISTED
Vista Outdoor Inc.
VSTO
| $6.38M | 1.46% |
+192,601
| New | +$5.68M |
|
|
KE
21
Kimball Electronics
KE
$593M
| $6.31M | 1.44% |
+230,361
| New | +$6.59M |
|
22
Micron Technology
MU
$927B
| $6.21M | 1.42% |
91,252
+68,202
| +296% | +$4.57M |
|
23
Commercial Metals
CMC
$7.8B
| $5.97M | 1.37% |
120,789
+93,542
| +343% | +$5.09M |
|
|
SHOE
24
Shoe Station Group
SHOE
$431M
| $5.82M | 1.33% |
+242,023
| New | +$5.74M |
|
25
Freeport-McMoran
FCX
$88.6B
| $5.78M | 1.32% |
155,073
+90,324
| +139% | +$3.64M |
|
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First Dallas Securities's Q3 2023 Portfolio in Review
As of Q3 2023, First Dallas Securities held 195 positions worth $437M, up 144% from $179M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
First Dallas Securities deployed $266M of net new capital in Q3 2023, opening 71 new positions and adding to 41 existing holdings. Its largest new stake was Shift4: 173,753 shares worth $9.62M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 10% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Apple, an estimated $16.2M trimmed.
- First Dallas Securities's largest Q3 2023 buy was Shift4: 173,753 shares worth $9.62M.
- First Dallas Securities added most to Matador Resources in Q3 2023, an estimated $22.1M increase.
- First Dallas Securities's biggest Q3 2023 reduction was Apple, cutting an estimated $16.2M.
- First Dallas Securities fully exited Boeing in Q3 2023, selling an estimated $2.68M.
- First Dallas Securities's ten largest holdings make up 31% of its $437M portfolio in Q3 2023.
- First Dallas Securities opened 71 new positions and closed 60 in Q3 2023.
- First Dallas Securities's portfolio value rose 144% quarter-over-quarter to $437M.
Based on First Dallas Securities's 13F filing for Q3 2023, filed 14 Nov 2023.